Roundup: Sisterson names managing partner; Toyota settlement OK'd; more
Accounting firm Sisterson names managing partner
Bradley P. Lusk is the new managing partner at Sisterson & Co. LLP. The certified public accounting firm said Friday its partners elected Lusk to the position effective Jan. 1 to succeed William E. Troup, who has been managing partner since 1997 and has announced his retirement. Troup will continue to serve as assurance services partner until he retires. Lusk has been with the Downtown-based firm since 1991, provides accounting and auditing services to privately owned, middle market clients in various industries and leads the growing not-for profit practice area.
MagicJack CEO says exit will reduce short-selling
Shares of MagicJack VocalTec Ltd. rallied the most in 10 weeks after CEO Daniel Borislow resigned, saying he hopes his departure will curb short-selling that contributed to a three-month slump in the Israeli technology company. Shares of the Netanya, Israel-based company that offers voice-over-Internet services jumped 10 percent to $17.95 on Friday, after plunging 33 percent since Sept. 12. Borislow will concentrate on marketing and product development, relinquishing the post of CEO on Jan. 1 to Gerald Vento, the company said. Vento was chief executive of TeleCorp PCS Inc., which was sold to AT&T Inc. in 2002, MagicJack said.
Judge approves Toyota's $1.1B acceleration deal
A federal judge granted preliminary approval on Friday to Toyota Motor Corp's $1.1 billion settlement of a class-action lawsuit brought by consumers who lost value on their cars due to sudden, unintended acceleration. The order on Friday came from U.S. District Judge James Selna in Santa Ana, Calif., who scheduled a hearing for final approval of the deal in June. About 16 million Toyota, Lexus and Scion vehicles sold in the United States spanning the model years 1998 to 2010 are covered by the settlement. Company officials have maintained that the electronic throttle control system was not at fault, instead blaming ill-fitting floor mats and sticky gas pedals.
Other business news
• Oilfield services company Baker Hughes Inc. said the number of rigs actively exploring for oil and natural gas fell this week by 11, to 1,763. Baker Hughes, based in Houston, said Friday that 1,327 rigs were exploring for oil and 431 were searching for gas. Five were listed as miscellaneous. A year ago, Baker Hughes counted 2,007 rigs. Of the major oil- and gas-producing states, Alaska and West Virginia gained one rig each. Louisiana declined by eight rigs and California and Louisiana each dropped two. Pennsylvania and Wyoming were unchanged.
— Staff and wire reports
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Pittsburgh region’s philanthropic sector at top of nation’s pack
- Film session: Long shots dotted Steelers’ passing game
- Islamic immigration in Europe
- Fed slashes its emergency power options in crisis
- Enough Benghazi
- Police encryption
- Dorfman: Barnes & Noble could beat bookstore blues, chief’s stock buy suggests
- In a heartbeat: ‘Kissing bug’ showing up in Pa.
- Distractions can help keep riders alert in self-driving cars, study finds
- Founder of Z&M Cycle Sales in Hempfield killed in Florida motorcycle crash
- Roundup: Locked out ATI workers to lose company-paid health benefits; more